Korea Hydro plans to spend at least 7% of revenue secured from sales in developing new reactors with improved safety technology.
With this investment, the company plans to manufacture reactors with a lifespan of 80-years as against the existing reactors with a life span of 60 years now.
The company currently runs 21 reactors in South Korea and is planning to build seven more by 2017.
This decision taken amid the nuclear disaster at Japan’s Fukushima nuclear plant which caused three reactor meltdowns, reports Reuters.
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